Polarcus lands seismic deal in South America

Marine geophysical firm Polarcus has been awarded an XArray 3D seismic acquisition project in South America by an undisclosed client.

The project will start in the fourth quarter of 2017 and run for approximately ten weeks, the company said on Friday. However, no further details have been revealed about this project.

This is the second project announced by the seismic player on Friday. Namely, the company also announced it had received a letter of intent from an unnamed client to pre-fund a multi-client XArray 3D seismic acquisition project in the Middle East.

Also on Friday, Polarcus posted its third quarter 2017 results. According to the financial statements, Polarcus narrowed its net loss for the quarter despite lower revenues.